Lotto
Authorized Shares ………………………… 3 billion
Outstanding Shares - -2,000,855,000 as of March
- - - - - - - - - - - 2,082,347,359 as of April 8 & 15
- - - - - - - - - - - 2,227,347,359 as of May 14
So you can see from the above that the 3billion Authorized shares and being released into the public to pay current day to day operational expense (Lawyers, researchers, engineers . . .etc)
the 3 billion was Authorized when the company decided to go public years ago. They placed 50% of the stock into there treasury now they are drawing upon it as needed. As you can see above from March 09 to May 09 over 226,000,000 shares have been released to the public. this is why there is no reason paying up for the stock it will bet at .0005 and below for awhile.
the problem is when the outstanding shares reach the 3billion mark. then LLEG will be out of shares to offer to the public for covering there expenses and they will need to authorize another 1 - 2 - 3 billion more shares on top of the current 3billion.
So it is important to keep track of the dilution but no reason to panic till we get closer tio the 3billion mark.
Does that answer the question? anymore?
By the way: Digi usually calls the transfer agent to find out the new outstanding shares on Wednesday. GOOD JOB DIGI
